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. i think this may be keeping with the idea that citi is an international company. don't need as much stuff here. maybe. >> to the extent financial services are being commotitized. reflective of changes going on overall at financial services as you get out of markets that are so transparent now that you can't make the margin that you once again. therefore you have to focus on the cost size. >> i don't think people understand how much money they used to make. in a transaction you could hide gross credit. you could say you're buying this at 100 but you are getting to 98. no one is taking two anymore. those were the ways you really made a lot of money if you were a sales trader. >> the bulk of the layoffs is from global consumer banking. >> global consumer. >> they are talking brazil, hong kong -- >> those are growth markets. >> that's fascinating. 35% coming from that. >> and 25% from institutional clients. >> what the heck are they doing? are they retreating? the whole thing was to put everybody there. i guess -- >> it's not a supermarket. they want to be bodega. >> they didn't think p
corporation. next friday, december 7, the city club welcomes aaron david miller, vice president of new initiatives and distinguished scholar at the woodrow wilson international center for scholars. friday, december 14th. the city club will host an roman, president and ceo of the national association to end homelessness. please visit our web site, ski club.org, for information about our upcoming forum or to listen to a podcast of any of our past programs. we'll like to welcome guests from human in humana care, and mutual. thank you for your support. we would like to welcome to today's programs students who are joining us from area high school. student participation is made possible by a generous gift from the chars sparr trust. will the students please stand and be recognize it. [applause] >> now we would like to return to our speaker for our traditional city club question and answer period. we welcome questions from everyone, including guests, holding the microphone today is program directer kerry miller, may we have our first question, please. >> mr. broussard, you talked about the co
Search Results 0 to 1 of about 2